Retailers Casualty announces major payout to qualifying policyholders

Retailers Casualty announces major payout to qualifying policyholders

Established in 1988, Retailers Casualty specializes in providing workers’ compensation coverage to over 2,200 businesses across Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, and Texas. The company is managed by Summit Consulting LLC, which provides underwriting, policy administration, claims management, and loss prevention services. Source link

New Mexico Fair Plan temporarily doubles coverage limit

New Mexico Fair Plan temporarily doubles coverage limit

Proposed changes to New Mexico’s Fair Plan Matt Hunton, president and chief executive officer of Independent Insurance Agents of New Mexico, said insurers may reconsider their presence in the state if required to assume risks beyond their capacity. He said that as for-profit businesses, insurers will withdraw from the market if forced into unsustainable practices. …

Judge halts Texas entertainment center’s lawsuit against Arch Specialty

Judge halts Texas entertainment center’s lawsuit against Arch Specialty

Arch argued that it repeatedly requested EUOs from TnT Family’s owners, Teresa and Kendall Walles, starting in November 2023, months before the plaintiffs filed suit. When the plaintiffs refused to comply, the insurer moved to abate the case — a procedural halt — until the examinations could be completed. Source link

Social inflation and third-party liability risks – how should risk managers strategize?

Social inflation and third-party liability risks – how should risk managers strategize?

“To manage their exposure, insurers are adopting more conservative strategies, including higher attachment points or stricter risk selection criteria, and, in some cases, are completely exiting high-risk sectors, such as trucking, certain types of healthcare, construction, or hospitality,” Gaffigan said. Source link

2024 Top Insurance Car Company in New York

2024 Top Insurance Car Company in New York

Top Insurance Car Company in New York Finding the right car insurance can be a challenge, especially in a bustling place like New York. The top insurance car company in New York is Geico, known for its competitive rates and excellent customer service.  They offer various coverage options that cater to diverse needs, making them a…

Auto Insurance: Get a good Coverage and best Rates

Auto Insurance: Get a good Coverage and best Rates

Auto Insurance; Your Guide to Motor Coverage and Rates Auto insurance is a type of policy that provides financial protection in case of an accident or theft involving your vehicle. It is mandatory in most states in the US, and failure to have it can lead to legal and financial consequences. knowing the different types…